Eigen's AI-enabled platform imparts real-time insights and process control to the production operation to maximize manufacturing quality and throughput.
SANTA CLARA, California, Oct. 17, 2018 /PRNewswire/ -- Based on its recent analysis of the North American Artificial Intelligence (AI)-enabled Internet of Things (IoT) solutions market, Frost & Sullivan recognizes Eigen Innovations with the 2018 North American Product Line Strategy Leadership Award for its disruptive platform that employs a combination of AI, machine learning, and analysis to ease complex manufacturing processes. Its adoption of Industrial Internet of Things (IIoT) enables process clients to reduce manufacturing waste, improve production efficiency, and generate new revenue streams.
"Eigen leverages machine learning for typical manufacturing processes as well as more complex manufacturing processes. Its advanced system allows it to collect data at the edge or establish its own edge data collection if the edge is unavailable," said Anisha Dumbre, Research Analyst. "Furthermore, it uses video, optical and/or infrared camera, and sensor data analytics to help manufacturers detect and avoid defects. If needed, it can also integrate additional sensors to enhance the manufacturing facility's quality product inspection capability."
Meanwhile, Eigen's solution empowers customers to introduce different levels of autonomy within their manufacturing operations, from defect detection, insight, and prediction to avoidance. Customers can start at the machines and lines that incur the highest costs and have the longest cycle times, as addressing these issues will expedite returns on investment and create a scalable path to autonomous manufacturing.
Eigen has constantly maintained focus on plant automation and optimization. It underlined this commitment with its Eigen Smart Module (ESM) Gateway, which runs in a plant's operations, automates production alarms, and performs advanced analytics. The gateway then gathers input from the thermal camera data stream and programmable logic controller (PLC) triggers, and is finally alerted by automated alarms to respond to data in real time. With current advancements and updates, Eigen's software processes multiple data streams on a single ESM Gateway making the data gathering process more efficient and therefore, cost effective.
"Eigen has gained a significant competitive edge with its end-to-end focus on automation and its optimal use of AI to help customers fix issues quickly," noted Anisha. "By working with customers to co-innovate, create new opportunities, and solve problems in the IIoT space, Eigen has successfully gained strong brand loyalty and has emerged as a trusted partner to its customers."
Each year, Frost & Sullivan presents this award to the company that has developed a comprehensive product line that caters to the breadth of the market it serves. The award recognizes the extent to which the product line meets customer base demands, and the overall impact it has in terms of customer value and increased market share.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About Eigen Innovations
Founded in 2012, Eigen Innovations was born from the belief that the true potential of Artificial Intelligence within manufacturing would only be discovered by introducing tangible uses cases on the factory floor. Eigen empowers our customers to introduce different levels of autonomy within their manufacturing operations directly impacting their bottom line. We start by focusing on the machines & lines that drive the biggest costs and the highest cycle times, allowing for an immediate return on investment and, ultimately a scalable path to autonomous manufacturing. For more information, visit Eigen Innovations.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.